The Firm’s Bankruptcy and Reorganization lawyers have represented a variety of national institutional clients involved in a broad cross-section of industries, including telecommunications, airlines, leasing and finance, pharmaceuticals, healthcare, information technology, hospitality, real estate, retail, trucking, and construction.

Representation of Creditors

The Firm routinely represents all types of secured and unsecured creditors, including asset-based lenders and members of lender groups, equipment lenders and lessors, and trade creditors in all aspects of bankruptcy and out-of-court debt restructurings.

To help clients maximize recovery in bankruptcy and restructuring scenarios, Deeb Petrakis brings clients extensive experience in negotiating plans of reorganization, drafting and negotiating debtor-in-possession financing documents and orders, exit financing, as well as litigating and documenting relief from stay and cash collateral issues. Our bankruptcy and reorganization attorneys routinely negotiate and draft commercial debt restructuring documents and counsel financial institutions on the purchase and sale of distressed debt portfolios.

Bankruptcy Litigation

Clients rely on Deeb Petrakis for representation in various types of bankruptcy litigation. The Firm routinely defends clients against preference, fraudulent transfer, and other avoidance actions brought by debtors-in-possession, trustees or unsecured creditors’ committees. In addition, the Firm’s attorneys have successfully sought appointment of special examiners and chapter 11 trustees, pursued non-discharge actions, and defended various lender liability matters.

Acquisition of Distressed Entities

Sellers, purchasers and investors seek the Firm’s guidance regarding the risks and advantages of distressed and insolvent businesses. Deeb Petrakis assists its clients in the due diligence, negotiations and subsequent document preparation involved in such transactions.

Representative Matters Nationwide

	TH Properties, L.P., et al. (Bankr. E.D. Pa.) – Counsel to pre-petition and post-petition lender in all aspects of bankruptcy proceedings, including extension of DIP financing
	DD-OH Family Partners, LLC, et al. (Bankr. D. N.J.) – Representation of major secured creditor in all aspects of bankruptcy proceedings
	IFC Credit Corporation (Bankr. N.D. Ill.) – Counsel to pre-petition purchaser of leasing portfolios in all aspects of bankruptcy proceedings
	Kleinert’s, Inc. (Bankr. S.D.N.Y.) – Counsel to purchaser of business at § 363 sale
	General Motors Corp., et al. (Bankr. S.D.N.Y.); Metal Transportation Systems, Inc. (Bankr. N.D.N.Y.); Glen-Lew Leasing (Bankr. M.D. Pa.); PHI Healthcare Management, Inc. (Bankr. C.D. Cal.); Aly-Wear, Inc. (Bankr. E.D. Pa.); Sure Fit, Inc. (Bankr. S.D.N.Y.) – Counsel to various secured lenders and equipment lessors
	NorVergence, Inc. (Bankr. D.N.J.) – Counsel to petitioning creditors in involuntary chapter 11 bankruptcy filing; representation of eleven (11) financial institutions in all aspects of bankruptcy proceedings and adversary mass-action proceedings
	U.S. Air, Inc. (Bankr. E.D. Va.) – Counsel to trade creditor in negotiations of plan of reorganization
	Venture Lighting International, Inc. (Bankr. N.D. Ill.) – Counsel to member of pre-petition and post-petition asset-based bank group
	Ambassador Eyewear Group, Inc. (Bankr. D. Del.); Exodus Communications, Inc. (Bankr. D. Del.) – defense of trade creditors in avoidance actions

Counseling on Modern Trends in Bankruptcy

The Firm’s Bankruptcy and Reorganization lawyers are active members of the Turnaround Management Association, the Risk Management Association, the American Bankruptcy Institute, the Equipment Leasing Association, and the Eastern District of Pennsylvania Bankruptcy Conference. Our lawyers have published numerous articles and are often featured speakers at industry seminars on current topics in bankruptcy and debt restructuring. Our guidance on modern trends in bankruptcy and debt restructuring helps clients overcome the obstacles and take advantage of the opportunities presented in out-of-court workouts and pre-bankruptcy planning, as well as in bankruptcy proceedings.

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